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Teijin Limited, whose main focus is high-performance fibers, broke ground on the new carbon-fiber production facility of its wholly-owned subsidiary Teijin Carbon Fibers, Inc. on Highway 246 South in Greenwood, South Carolina.

According to company officials, TCF facility is expected to create some 220 jobs with 600 million dollars' worth of investment around 2030.

"We look forward to this new chapter of Teijin's expansion in the U.S.," said Yukito Miyajima, President of TCF. "We are strengthening its global upstream-to-downstream carbon fiber business. We have been leveraging research and development to expand carbon fiber business in the aircraft and automotive fields. Throughout this process, we looked at multiple locations, but ultimately, with the support of local and state government officials, we chose Greenwood as the ideal location for our new U.S. carbon fiber facility."

"South Carolina continually strives to build upon our manufacturing industry and Teijin's expansion and commitment to our state is proof that our hard work is paying off," said Bobby Hitt, Secretary of Commerce, South Carolina. "We treasure our relationship with Teijin and look forward to industry success for years to come."

"We are thrilled to welcome Teijin to Greenwood and look forward to the growth and opportunity it will bring to this community," said Heather Simmons Jones, CEO of Greenwood Partnership Alliance. "After years of extensive preparation, we could not be more excited to watch this project come to life. We are so grateful for their commitment to both Greenwood County and the state of South Carolina."